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HomeFinancial Crisis

Financial Crisis

Canada
Finance

The First Pause: Bank Of Canada Hikes 25bps As Expected, Will Hold Rates As It “Assesses Impact”

January 25, 2023 Mariel Alumit

The Bank of Canada joined the “one and done” bandwagon moments ago when the central bank hiked rates by 25bps – as expected by most strategists – for an eight consecutive, but also perhaps final […]

Canada
Finance

Bank of Canada raises rates, first major bank to signal pause

January 25, 2023 Mariel Alumit

The Bank of Canada on Wednesday raised its key interest rate to 4.5 percent, the highest level in 15 years, and became the first major central bank fighting global inflation to say it would likely […]

Inflation
Crypto

Inflation Assets Are Leading The Recovery. That’s Not Normal

January 23, 2023 Mariel Alumit

By Marcel Kasumovich, Head of Research for One River Asset Management It’s normal, sort of. Digital asset markets are following a commodity boom, bust, recovery cycle. Investors are focused on the bust. The decline in […]

Davos
Climate Crisis

Davos 2023: Who said what on climate and environment? – Are economics, physics and facts thrown away?

January 21, 2023 Mariel Alumit

ENB Pub Note: Please give us your opinions. Facts, economics, and physics matter. All are missing from this article. That is a great summary of quotes, but is energy hypocrisy a thing?   We round up […]

Saudi Arabia
Financial Crisis

Dollar Hegemony, Saudi Arabia, Oil, and Ron Paul

January 20, 2023 Mariel Alumit

Authored by Adam Dick via The Ron Paul Institute, Interviewed Tuesday at Bloomberg, Saudi Arabia Finance Minister Mohammed Al-Jadaan indicated that Saudi Arabia would be open to conducting trade, including involving oil, in various currencies […]

audi Arabia Says open to settling Trade in other Currencies
Crude Oil News

Saudi Arabia Says Open to Settling Trade in Other Currencies – Another blow to the U.S. Dollar

January 19, 2023 Mariel Alumit

Saudi Arabia is open to discussions about trade in currencies other than the US dollar, according to the kingdom’s finance minister. “There are no issues with discussing how we settle our trade arrangements, whether it […]

EU sanctions
Finance

The Fed’s Jay Powell Is Trying To Have It Both Ways On Climate Change

January 19, 2023 Mariel Alumit

Authored by Rupert Darwall via RealClear Wire, Fed-speak, Alan Greenspan once explained, was about practicing the art of constructive ambiguity. Testifying to Congress as Fed chairman, Greenspan would resolve a sentence in a deliberately obscure […]

Egypt
Energy Crisis

As economic crisis deepens, will Egypt slow megaprojects down?

January 18, 2023 Mariel Alumit

Cairo, Egypt – The Egyptian economy is struggling. The national currency has lost nearly half its value in less than a year, reaching a historic low of 32 Egyptian pounds to the dollar last week, […]

Inflation
Finance

Asking Markets About The Inflation Outlook Is Like Asking Toddlers What They Think Is Going To Be For Dinner

January 17, 2023 Mariel Alumit

By Michael Every of Rabobank Yesterday was quiet due to the Martin Luther King Day holiday in the US. The trading that took place mostly saw bond yields and equities drift a little higher, neither […]

Economists
Bankruptcy

Economists Warn Americans Recession Is Coming

January 16, 2023 Mariel Alumit

Authored by Jack Phillips via The Epoch Times, Two top economists said that despite contrary predictions, a recession will likely hit the United States in the near future. “Some economists argue that the strength of […]

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